US investment bank Lehman Brothers has implemented Y-Mac, a multi-asset client reporting application developed by UK vendor Yolus, at its prime structured derivatives business in London.
Yolus says Y-Mac provides a consolidated view of clients' portfolios across Lehman Brothers' prime structured derivatives business.
The system consolidates positions, cash balances and fee related information and works out net asset value (NAV), forex exposure and fees for client accounts.
The package also includes tools that manage and administer investment guidelines, and alerts users when these are approached or exceeded.
The installation was carried out in two phases following an initial evaluation and proof-of-concept. The first focused on the implementation of rules to manage investment guidelines, while the second phase involved the implementation of T-N Server - a tool that enables the user to amend historic data and carry out retrospective NAV and fee calculations.